Fullerton Carbon Action Fund Pioneers First SEA Climate Investment in Thailand's PyroEnergie Tire Recycler

Singapore-based Fullerton Fund Management announced its landmark first Southeast Asia climate investment in Thailand's PyroEnergie through the Fullerton Carbon Action Fund.

The investment will fund PyroEnergie's new production facility to develop higher-value, premium-grade products from end-of-life tires, enhancing quality and market applications.

PyroEnergie's Leadership in Tire Recycling

Established in 2016, PyroEnergie has become Thailand's market leader in recycling end-of-life tires using advanced pyrolysis technology.

Its commercial-scale facilities boast an annual capacity exceeding 40 million liters of pyrolysis oil and over 30 million tons of recovered carbon black.

Fullerton Fund's Decarbonization Strategy

This marks the Fullerton Carbon Action Fund's second deployment, focusing on established businesses driving scalable decarbonization in sectors like circular economy and industrials.

Anisa Keeratiworanan, Director at Fullerton Fund, stated: "PyroEnergie is a market-leading business with strong fundamentals and a clear role in enabling industrial decarbonization."

Peerapon Ourapeepon, PyroEnergie's Founder and CEO, highlighted the partnership's alignment: "The Fullerton team engaged collaboratively, offering perspectives on sustainability priorities."

The investment supports PyroEnergie's expansion, promising stronger long-term earnings and broader end-markets for recycled materials.

In the broader context, it addresses rising global demand from tire manufacturers and chemical firms for sustainable, circular-economy feedstocks.

This move signals growing climate investment momentum in Southeast Asia, positioning Thailand as a hub for green industrial transitions.

Looking ahead, the partnership aims to scale responsibly, advancing regional decarbonization goals amid policy pushes for recycled resources.